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Retirement Savings Forecast Bleak for Millennials

According to a new study published by researchers from the Brookings Institution, Harvard’s Kennedy School of Government, and Johns Hopkins University, Millennials are at a distinct disadvantage when it comes to retirement savings.

While, as a group, Millennials are far more educated than any other generation in history, they also possess more student debt than previous generations. The overwhelming burden of student loans and a rocky economy when many were graduating college has led to lower net-worth value and a hesitancy to contribute to retirement savings programs (should they be available through their employer).

To read the full report, click here. To read MarketWatch’s summary of the report, click here.

Kathleen Taylor